Dominican Republic: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic

August 16, 2017

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Format: Chicago

Dominican Republic: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Summary

This 2017 Article IV Consultation highlights the Dominican economy’s strong growth momentum over the past three years, which is now beginning to taper off toward potential. Growth has averaged 7 percent since 2014, outperforming most emerging market economies and all economies in the Americas, buoyed by domestic demand. Real GDP expanded by 6.6 percent in 2016. The economic outlook is favorable. Growth is expected to slow toward the potential rate of about 5 percent from 2017 onward, while the recent rise in fuel prices will push inflation to target and will widen the current account deficit moderately from 2017 onward. Risks around this baseline outlook are balanced.

Subject: Economic and financial statistics, Economic sectors, Electricity, External sector statistics, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Public sector

Keywords: Caribbean, CBDR authority, Central America, Central bank, Consumer price inflation, Core inflation, CR, Deficit, Dominican Republic policy, External sector statistics, Fiscal stance, Generation capacity, Global, Headline inflation, Inflation, ISCR, Potential GDP, Public sector, Targeted deficit

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/254
Stock No:

1DOMEA2017001
ISBN:

9781484315651
ISSN:

1934-7685

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